Cannabis Trader is a new automated trading software for stock investors, that was released on Christmas Eve 2018. The official Cannabis Traders software is connected with a variety CFD stock brokers, including some of the best licensed brokers like EuropeFX.
We reviewed this CFD shares trading robot, we immediately noticed how professionally it was made. They actually have a software that you can see how it works before you deposit money.
See the official website at: TheCannabisTraders.com.
Cannabis Trader Reviews
The Cannabis Trader software is a very nice and easy to use, algorithm trading software. When comparing and choosing an automated trading system, the first item we look for is the ability to choose a licensed broker, and the second thing we look at are the settings available for us to configure.
Configuring this software takes about 30 seconds!
The software uses a basic trading strategy that is based on technical indicators, if such a thing exists in the volatile world of 400 stocks. We like how it has risk management settings, with the ability to set a daily stop-loss and take profits amount. Cannabis Trader Robot randomly assigned us a CFD broker, so we could not use our preferred broker.
You can see in this screenshot below, some of the many configuration options available.
Cannabis Trader Software
Risk Management: The 6 risk management settings are there to let you control your default trade size and minimize losses from bad signals. It is always smart to set the Max Daily Trades number very low.
We have seen trading systems that can generate 100 trades in one hour. The Max Concurrent Trades setting is for you to limit, how many open trades are happening at the same time.
Asset Selection: The signals generated by the trading robot are for CFD’s on stocks in the Cannabis space. You can select which underlying assets the robot will trade for you.
The reason asset selection is so important is because, an algorithm can sometimes work well during normal trading conditions, but will have bad results during volatile markets.
Demo Trading: You will be able to take a tour of the trading software once you are inside the trading room. Just remember, demo trading is not real, and will only show profits. Their purpose of a demo is to show you the features of the software, but not the true trading signals or results.
Cannabis CFD Brokers
Cannabis Trader connects with a variety of brokers both unregulated and regulated.
A huge problem with trading CFD’s, are the many offshore scam brokers that steal your money, and are not regulated by a government authority. Many trading robots we have reviewed looked good, but they do not work with licensed brokers which means they are a scam.
It is extremely important that you only invest money, with a broker that you have verified is licensed in your country.
Visit the Official Website at: TheCannabisTraders.com.